Secured Indebtedness and Obligations Sample Clauses

Secured Indebtedness and Obligations. This Deed of Trust is made to secure the payment of the Note in accordance with its terms and all other sums which may become due from Borrower to Lender pursuant to the Loan Documents including but not limited to any and all principal, interest, late charges, service charges, liquidated damages, expenses, advances due or incurred by Lender in connection with the Loan and all other obligations, liabilities and indebtedness of Borrower to the Lender (collectively, the “Indebtedness”), and to secure the payment and performance of all the covenants and agreements in the Loan Documents to be performed by Borrower or Trustor (collectively with the Indebtedness, the “Obligations”).
Sample 1
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Secured Indebtedness and Obligations. This Deed of Trust is made to secure the payment of the Note in accordance with its terms and all other sums which may become due from Borrower to Lender pursuant to the Loan Documents, including but not limited to any and all principal, interest and late charges payable pursuant to the Note and all other obligations, liabilities, damages, expenses, and advances due or incurred by Lender in connection with the Loan Documents (collectively, the “Indebtedness”), and to secure the payment and performance of all the covenants and agreements to be performed by Borrower or Trustor in (i) the Loan Documents, (ii) the Purchase Agreement, (iii) the Additional Consideration Agreement, (iv) the Indemnification Agreement dated as of August 1, 2012, executed by Borrower, Trustor and the other parties thereto, and (v) the Letter Agreement dated as of August 1, 2012, by and between Borrower and Lender (collectively with the Indebtedness, the “Obligations”); provided, however that when the Indebtedness is paid in full, this Deed of Trust shall no longer secure the performance of any remaining Obligations. Subject to the covenant in Section 2.3, so long as there is no uncured Event of Default (as defined herein), this Deed of Trust is not intended to limit Trustor’s ability to engage in reasonable and customary day-to-day operations of the potash mining business.
Sample 1

Related to Secured Indebtedness and Obligations

  • DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS Among other indebtedness and obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to a loan arrangement dated as of June 11, 2003, evidenced by, among other documents, a certain Loan and Security Agreement dated as of June 11, 2003 between Borrower and Bank, as amended from time to time (as amended, the "Loan Agreement"). Capitalized terms used but not otherwise defined herein shall have the same meaning as in the Loan Agreement.

  • Indebtedness and Guaranty Obligations Create, incur or assume any Indebtedness or Guaranty Obligation except:

  • Indebtedness and Contingent Obligations As of the Closing, the Borrowers shall have no outstanding Indebtedness or Contingent Obligations other than the Obligations or any other Permitted Indebtedness.

  • Existing Indebtedness of the Loan Parties All of the existing Indebtedness for borrowed money of the Borrower and its Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02) shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date.

  • Other Indebtedness and Agreements (a) Permit any waiver, supplement, modification, amendment, termination or release of any indenture, instrument or agreement pursuant to which any Material Indebtedness of a Borrower or any of the Subsidiaries is outstanding if the effect of such waiver, supplement, modification, amendment, termination or release would increase the interest rate thereon, shorten the final maturity or the average life thereof or cause an Event of Default.

  • Indebtedness and Liens (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

  • Liabilities; Indebtedness Except as set forth on EXHIBIT L, the Seller has not incurred any indebtedness related to the Property except in each instance for trade payables and other customary and ordinary expenses in the ordinary course of business that will be paid and discharged in full as of the Closing.

  • Existing Loan Documents Copies of all Existing Loan Documents.

  • Guaranty Obligations Unless otherwise specified, the amount of any Guaranty Obligation shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guaranty Obligation.

  • Debt and Guaranty Obligations Schedule 7.1(t) is a complete and correct listing of all Debt and Guaranty Obligations of the Borrower and its Subsidiaries as of the Closing Date in excess of $1,000,000. The Borrower and its Subsidiaries have performed and are in compliance in all material respects with all of the terms of such Debt and Guaranty Obligations and all instruments and agreements relating thereto, and no default or event of default, or event or condition which with notice or lapse of time or both would constitute such a default or event of default on the part of the Borrower or any of its Subsidiaries exists with respect to any such Debt or Guaranty Obligation.

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